trending Market Intelligence /marketintelligence/en/news-insights/trending/appbdnlvxg_grrzyav13lw2 content esgSubNav
In This List

TIMIA Capital closes C$1.3M private placement of series E debentures

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Kensho Launches Word Error Rate Calculator

Blog

Insight Weekly: Bank oversight steps up; auto insurers’ dismal year; VC investment slumps

Blog

Bank failures: The importance of liquidity and funding data


TIMIA Capital closes C$1.3M private placement of series E debentures

Specialty finance company TIMIA Capital Corp. closed the private placement of C$1.3 million of series E debenture units priced at C$100 apiece.

The private placement resulted in the issuance of 13,450 debentures and 448,333 warrants. All securities sold are subject to a four-month hold period.

The debentures bear a 12% interest per year, payable quarterly in arrears, and have a five-year term starting from Nov. 30. They are secured by TIMIA Capital's assets.

The warrants are exercisable for five years from Nov. 30 at 30 Canadian cents per share.

The company will use the proceeds to expand its revenue financing investments portfolio.